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Personal Finance and Investing

in2herbs

(3,880 posts)

1. The one truth that the financial industry isn't telling is that the contract you sign for services with your financial

Reply to question everything (Original post)

Sat Jul 26, 2025, 09:57 PM

Jul 26

transfers ownership of your money to your financial advisor and your financial advisor does not require your knowledge or consent to spend/invest your money. The authority in the contract is called discretionary investment authority.

These privately-held investments can be withheld from your beneficiaries by the financial industry until and unless they decide to sell the asset. Will your trustee be able or willing to fight to get the money that you spent your entire working life to accumulate.

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Highlight:

Wall Street's Big, Bad Idea for Your 401(k) - Jason Zweig [View all] question everything Jul 26 OP

The one truth that the financial industry isn't telling is that the contract you sign for services with your financial in2herbs Jul 26 #1

Index funds without an index bucolic_frolic Jul 27 #2